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Why do I need safety deposit box from Denver Vaults

Privately Owned

Keeping a stash of cash in a safe deposit box isn’t a good idea for several. Allied professionals install thousands of square feet of new safe deposit facilities each year. Allied is dedicated to providing you with the highest-quality safety deposit box modules available today. Boxes are available in wide variety of sizes and configurations. A safe deposit box can offer critical protection for important documents and prized possessions; old, valuable baseball cards inherited from a relative, for example. A safe deposit box isn’t a wise. A key feature of safe deposit boxes is privacy. For this reason, there are strict rules about access. If a customer wants someone else, for example a spouse or business partner, to share access to the box, then the box must be rented jointly; both parties sign the bank’s documents together when they first rent the box. A safe deposit box is a secure container that you can rent to store important items. These boxes, which can be rented at either brick-and-mortar banks or credit unions, come in different sizes.

Denver Vaults is a privately owned safety deposit box facility affording it’s clients with the highest levels of privacy. We offer a purpose-built vault with Safety Deposit Boxes, protected by cutting edge security and sophisticated technology, which surpasses the standards even set by banks. Our facility benefits from the latest technology in vault construction. Our discreet location with multiple businesses in the building ensures security and anonymity. No one will know you are specifically coming to see us.

Surpasses Bank Standards

Many Major Banks no longer provide a Safety Deposit Box service. We offer 7 day unlimited access with longer opening hours. We also offer a comprehensive insurance policy to protect your valuables. You do not need a Bank Account to store valuables with us.

24H High Security

Access to the high security vault at Denver Vaults is granted through the successful navigation of personal identification, a biometric scanner, a customer code (PIN) and digital photo recognition. Private viewing rooms are available for your convenience within our vault. The Vault is manned on-site by highly trained security professionals in conjunction with an outside security company, ensuring round the clock 24-hour security protection.

Personalised Service

Denver Vaults is dedicated to delivering a premium personalised service. To guarantee a secure environment for your most treasured and valuable possessions in your own safe deposit locker. You can rely on a combination of the best security technology and the best professional attention delivered by our highly trained staff. Every client is guaranteed absolute privacy and discretion.

Centrally Located

Situated in Denver, Colorado, we offer unparalleled convenience for our clients. Denver Vaults is accessible via several transport links. Car parking is readily available close to our facility for your convenience.

Opening An Account

To open an account at Denver Vaults, you need to present photographic ID (a valid passport or driving licence) and a proof of address (a utility bill or bank/credit card statement that is less than 3 months old). Following registration, you have immediate access to your safety deposit box.

Co-founder Seamus Fahy interviewed on Sky News about Brexit

Deposit Box Cost

Co-founder Seamus Fahy talks to RTE about impact of Brexit on demand for Safe Deposit Boxes and Gold Bullion

Deposit Box Toy

Co-Founder of Merrion Vaults live on UTV discussing impact of Brexit on demand for Safe Deposit Boxes and Gold Bullion. December 2018.

After meeting with clients to do estate planning work, the project often concludes with the client signing his or her Will. At that time, the client inevitably asks where they should keep the Will. Quite often they are concerned about storing it in a safe deposit box at the bank for fear that their next-of-kin won’t be able to access the box. However, the rules governing the safe deposit box clearly make it the preferred place to store the Will.
Pennsylvania has a law which specifically addresses the entry into a safe deposit box upon the death of the owner. This law is designed to prevent the contents of the box from escaping the eyes of the inheritance tax authorities. There are a few exceptions but, generally, banks are obligated to seal a decedent’s safe deposit box until it is inventoried by a representative of the Department of Revenue.

The major exception to the general rule deals with boxes that are rented in the names of a husband and wife. With these boxes, upon the death of either spouse, the survivor is granted unrestricted access to the box. This exception exists because property owned jointly by spouses is exempt from Pennsylvania inheritance tax.

Another exception to the automatic freeze is that a box can be opened to conduct a search for the decedent’s Will or deed to a burial lot. Upon presentation of a death certificate, most banks will permit the decedent’s next-of-kin to conduct such a search. If the box was registered in joint names with someone other than the decedent’s spouse, a Will search will usually be permitted by the surviving renter. The Will search must be conducted in the presence of a bank employee, and if a Will is found, it is usually released to the person named as executor.

Since a Will search is permitted readily, keeping your Will in a safe deposit box causes very little problem. Keeping your Will at home with your other valuable papers or leaving it with your attorney are also suitable alternatives. Wherever you keep your Will, you should let your family know where it is located and any copy should bear a notation indicating the location of the original.

Unless the box was titled in joint names between spouses, once the Will or cemetery deed is removed, a freeze will be put on the box until it is inventoried in accordance with Pennsylvania Department of Revenue procedures. The inventory is made part of the inheritance tax division’s records and, as such, the contents must be reported on the inheritance tax return. Once the inventory is completed, the executor and/or the surviving renter are entitled to receive the contents.

The legislature felt very strongly about complying with these procedures. It is a criminal offense to enter a decedent’s safe deposit box in violation of these rules if you are aware of the death. These criminal penalties apply even if there is no subsequent tax evasion.

Chase Appointment For Safety Deposit Box

Maintaining a safe deposit box to secure your valuables is certainly a wise decision. If your aim, however, is to pass on your wealth without sharing it with the tax authorities, the safe deposit box provides no protection.